Word: gair
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Sirs: Under the caption "Box Troubles" in the "Business and Finance" section of TIME, issued Feb. 3, you printed an article in which a succession of circumstances, beginning with a gathering of members of the Paper Industry at the country home of Mr. George W. Gair, President of the Robert Gair Co., during July of last year and ending with the totally irrelevant acquirement of the Sefton Manufacturing Corp. by the Container Corp. of America, implied that these events indicated an eventual merger of the Robert Gair Co. with the Container Corp. of America. This forecast is the product...
...intention of the Robert Gair Co. to merge with the Container Corp. of America or to participate in the formation of a holding company with this or any other corporation. The bland hints as to the fatalistic attractions of this "splendid couple" are significant of absolutely nothing more than that the old "matchmakers" of Wall Street are again tickling public susceptibilities with romance...
...George W. Gair and his guests, among whom was Secretary of Labor James John Davis, did not foregather at Greens Farms secretly, as implied, but by general invitation, to once more consider an agreement subscribed to by a majority of paper mill owners at Washington, providing for a five-day operating program to lessen overproduction...
This was more than an expedient; it was necessary economically and it was humane socially. As in petroleum, more was being produced than was wanted or consumed. . . . That was all-mergers are believed by Mr. George W. Gair to be secondary to a correction of fundamentals and are not in themselves corrective when basic questions of production are allowed to continue...
...SANDERMAN Robert Gair Company New York City...